A number of recent papers extend traditional Hotelling frameworks by the topical issue of climate change. They study the effects of different environmental taxes on the resource extraction paths and derive important and far-reaching policy implications. In particular the most recent strain of...

There are some long-term trends in the global energy market: changing geography of hydrocarbons production, displacement of the centers of oil and gas in remote and offshore areas, steady decline in hydrocarbon production in the continental deposits, maintaining a stable level due to increased...

What will come first ? non-acceptable global warming or extinction of oil reserves? Both processes can bring substantial costs to the mankind, but their order has important economic implications. The answer to this question will either lower oil price in the long run or will lead to its further...

A carbon tax may be the most efficient means to limit climate change - eventually mankind's largest externality. When discussing the effects of such a tax, today most climate economics research focuses on the demand, reducing the energy supply side to a static process. However, supply side...

The policy of the fishing sector in Romania, in terms of commercial fishing, it envisages measures that ensure the sustainable exploitation of living aquatic resources, efficient management, stimulating those who work in this sector to unite in associative forms, the collection of statistical...

In Harstad's (2012) model, climate damage only hits one group of countries, called the coalition, and the coalition's climate policy consists of capping own fuel de- mand and supply combined with the purchase of fossil fuel deposits for preserva- tion. Harstad's Theorem 1 states that if the...

This study aims at unveiling regional development differences in Norway with respect to various natural resource-based activities that take place in the NUTS3 regions. Norway?s natural riches range from agricultural and forest resources to fisheries, mines, petroleum and gas. Considering the...

This paper explores the regional economic impact of mineral resource endowment and offers specific inputs to the debate on the local content requirement (LCR) policy, gaining urgency in modern economic and political environment. Focusing on the experience of the Eastern Siberia the paper...

We present a Stackelberg model of conflict, in which contestants have limited endowments to be put in two separate sectors, thus incorporating salient features of many conflicts. The model is applied to the case of conflict over natural resources. Consistent with amounting empirical evidence...

We study the spatial distribution of the effect of oil and gas revenues on Brazilian municipalities, using variations in the international prices of oil and gas to establish causality. Oil and gas revenues increase economic activity, measured by night-time light emissions, in oil-producing...